Deal set to boost Saudi cultural entrepreneurship

Saudi Arabia’s Ministry of Culture and the Small and Medium Enterprises General Authority will sign an agreement to support cultural entrepreneurs in the Kingdom. (MOC)
Short Url

RIYADH: Saudi Arabia’s Ministry of Culture and the Small and Medium Enterprises General Authority will sign an agreement to support cultural entrepreneurs in the Kingdom.

The ministry announced its role as cultural sponsor of Biban 24, an entrepreneurship forum scheduled for Nov. 5-9 in Riyadh.

This event aims to boost Saudi Arabia’s creative industries and cultural entrepreneurship, the Saudi Press Agency reported.

On the forum’s opening day, a strategic partnership will be signed to empower cultural entrepreneurs with resources to build successful ventures in Saudi Arabia’s creative sector.

High-level panels will feature discussions on Saudi Arabia’s cultural economy. Music Commission CEO Paul Pacifico will lead a session on opportunities in the music sector, and a panel on culture’s economic impact will feature Cultural Development Fund CEO Majid Al-Hogail and senior Ministry of Culture officials. Other sessions will address the role of cultural SMEs in economic development.

The ministry’s exhibition will offer visitors an immersive experience, showcasing the Kingdom’s cultural ecosystem with a focus on the 2024 Year of the Camel initiative.

The fund will also have a dedicated space, and interactive screens will highlight entrepreneurship opportunities in the cultural sector.

Live demonstrations will showcase Saudi cultural diversity, the “Literature Cloud” podcast will be broadcast live, and musical performances will highlight local heritage.

The ministry will also host 10 startups daily in the startup section to showcase cultural technology innovations.

The market section will feature spaces for cultural and artistic products supporting the creative economy.